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Reinsurance in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Reinsurance Market Research Report | SIC K65.200 | Oct 2016

Revenue rises: Higher demand from general and life insurance has supported growth

IBISWorld’s Reinsurance market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Lloyd's of London Lloyd's of London  market share
Munich Re Munich Re market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Analysis & Industry Trends

Reinsurance is the business of insuring insurance policies so that direct insurers can manage their risk and limit their liabilities. Reinsurers often also use reinsurance to manage their own policy risks or to generate profit by insuring reinsured policies. This process is known as retrocession. Reinsurance is a global business because geographical risks can be minimised by spreading coverage across a variety of markets. Operators in this industry generate their revenue from policy premiums and investment income. Industry revenue is estimated to grow at a compound annual rate of 1.7% over the five years through 2016-17. Premium income was weak at the start of the period but rebounded over the following years... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Reinsurance industry exhibits a medium level of market share concentration, with the top four players in the industry estimated to account for less than 70% of the industry in terms of premium income. However, the top two firms, Lloyd's of London and Munich Re, account for 49.6% of the industry according to IBISWorld estimates.

Industry concentration has increased during the past five years due to consolidation activity, which is also expected to cause the concentration level to increase further over the coming five years

Foreign companies that participate in the UK market do not have a significant market share although many domestic insurers insure with overseas reinsurers because reinsurers tend to deal with insurers directly. Thi.. purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Reinsurance Industry?

Companies in this industry specialise in assuming all or part of the risk associated with insurance policies underwritten by insurance companies. In other words, the primary business of participants in the industry is insuring insurance companies by taking on some of the risks they have assumed through their underwriting activities.

Industry Products
Life reinsuranceAccident, health and medical reinsuranceProperty and casualty reinsuranceOther reinsuranceLiability reinsurance
Industry Activities
Reinsuring automobilesReinsuring annuities, life insurance and disability incomeReinsuring health and medical policiesReinsuring sureties and titles

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